Legal updates and opinions
News / News
Update: COVID-19 Temporary Employer / Employee Relief Scheme (“TERS”) Extension
by Jacques van Wyk, Director; Andre van Heerden, Senior Associate; and Thabisa Yantolo, Candidate Attorney
On 7 September 2020 the Minister of Employment and Labour, Thembelani Waltermade Nxesi, (“Minister“) published a COVID-19 TERS Direction (“Direction“). The Direction extends the COVID-19 TERS benefit.
The Direction is deemed to have commenced on 16 August 2020. The Direction will remain in operation for the duration of the declaration of a national disaster or until the Minister withdraws the Direction. Our more detailed article on the Direction may be accessed at: https://werksmans.com/legal-updates-and-opinions/urgent-update-covid-19-temporary-employer-employee-relief-scheme-ters-2/.
The Direction may be accessed at: https://www.gov.za/sites/default/files/gcis_document/202009/43693gon968reg11172.pdf.
In addition, the Department of Employment and Labour (“Department“) published a statement on the extension of the TERS benefit payments (“Statement“). Key aspects of the Statement are as follows: –
- The TERS benefit has been extended to 15 September 2020;
- The Unemployment Insurance Fund (“UIF“) will accept applications for the period March 2020 to end of July 2020 until 15 September;
- The UIF will accept applications for August 2020 to 15 September until 30 October 2020; and
- No further applications will be accepted beyond the closing dates.
The full statement may be accessed at: https://www.gov.za/speeches/employment-and-labour-extends-uif-covid-19-ters-relief-benefif-payments-7-sep-2020-0000.
Latest News
Do you have temporary market power? The Competition Commission’s first finding of excessive pricing under the COVID-19 emergency regulations
by Paul Cleland, Director The Competition Commission has, by way of a settlement agreement, concluded its first investigation into excessive [...]
Letter issued by the Johannesburg Stock Exchange on 21 April 2020 on the Payment of Dividends (“JSE Letter”)
by Natalie Scott, Director and Tahli Hanan, Candidate Attorney Background The COVID-19 pandemic has caused considerable and unanticipated disruption to [...]
Fourth Amendment to the Disaster Management Regulations, insofar as they impact upon the energy and mining sector during COVID-19 lockdown
by Chris Stevens, Director and head of Mining, Environmental & Resources practice, Kathleen Louw; Director; and Bronwyn Parker Senior Associate [...]
COVID-19 and the resultant impact on rental payments: a practical analysis
by Fátima Rodrigues, Director and Head of the Property Law & Real Estate practice and Kashvi Lalla, Director Introduction The [...]
Letter issued by the Johannesburg Stock Exchange on 17 April 2020 on Capital Raising Measures and Other (“JSE Letter”)
by Kyra South, AssociateReviewed by Natalie Scott, Director Backround 1.1 Since the outbreak of Covid‑19, and the subsequent national lockdown [...]
Exemptions and extensions for financial services providers and juristic representatives
by Hilah Laskov, Senior Associate and Chelsea Roux, Candidate Attorney Reviewed by Shayne Krige, Director and head of the Investment Funds & [...]
